INDUSTRY UPDATE
Changes to New York Law Governing Powers of Attorney Effective September 1, 2009
SEC, CFTC Hold Joint Meetings on Regulatory Harmonization
SEC, FINRA Issue Warning to...
LITIGATION
Two Decisions Highlight Uncertainty of Section 10(b) Liability
SEC Sanctions Ram Capital for Violating Broker Registration Requirements
SEC, Perry Capital Settle Disclosur...
On July 27, 2009, the Securities and Exchange Commission (“SEC”) adopted final Rule 204 of Regulation SHO (“Rule 204” or the “final rule”) under the Securities Exchange Act of...
On July 15, 2009, the Treasury Department released the proposed Private Fund Investment Advisers Registration Act of 2009 (the “Act”), which would implement portions of the financial ...
On July 10, 2009, the Treasury Department released the proposed Investor Protection Act of 2009 (the “Act”), which would, if enacted, implement portions of the financial reform propos...
In response to the turmoil that rippled through money market funds and credit markets last fall when the Reserve Primary Fund’s net asset value fell below $1.00 or “broke the buck,”...
Pay-to-play arrangements involving payments to intermediaries to influence public pension fund investment decisions have recently come to the fore on a number of fronts:
New York Stat...
On May 5, 2009, the SEC charged a bond salesman and a hedge fund manager with insider trading involving credit default swaps (“CDS”). The case, the first ever involving insider tradin...
On March 26, 2009, SEC Chairman Shapiro testified before the Senate Committee on Banking, Housing and Urban Affairs with regard to SEC objectives for investor protection enhancement and s...
The reorganization or liquidation of most types of companies is governed in the United States by a single federal law—the US Bankruptcy Code (the “Bankruptcy Code”). As a result, no...
